The summer collapse of the subprime lending market, which sent shock waves through the mortgage industry, is now affecting customers who want to purchase or build costlier homes. So-called "jumbo" ...
A jumbo loan might sound like something for millionaires, but it may be your best choice to finance even a modest home in ...
Jackie Lam is a contributor for CNET Money. A personal finance writer for over 8 years, she covers money management, insurance, investing, banking and personal stories. An AFC® accredited financial ...
Most mortgage programs feature limits that determine how much you can borrow. If you want to buy a property priced above those limits, you may need to take out a jumbo loan. Jumbo loans have stricter ...
Jumbo loans are mortgages that exceed the limits set by the Federal Housing Finance Agency and thus can’t be purchased by Fannie Mae or Freddie Mac. In most parts of the country, a jumbo loan is a ...